Intel Buys Deep Learning Startup Nervana To Bolster AI Business

The chipmaker says it will use Nervana Systems’ expertise in accelerating deep learning algorithms to expand Intel’s capabilities in the field of artificial intelligence. 7 Cyber-Security Skills In High Demand (Click image for larger view and slideshow.) Intel is getting serious about artificial intelligence, specifically as a driver of chip sales. On Tuesday, the company announced plans to acquire Nervana Systems, a deep learning company based in San Diego, Calif. Financial terms for the deal were not disclosed, but Recode reports the deal is valued at around $408 million, citing “a source with knowledge of the deal.” “With this acquisition, Intel is formally committing to pushing the forefront of AI technologies,” said Naveen Rao, CEO and cofounder of Nervana Systems, in a blog post. Artificial intelligence is not science fiction,…